At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 25.50 points or 0.39 percent at 6,523.70, while the broader all Ordinaries index was up 25.50 points or 0.38 percent at 6,723.30.
The big banks were the most improved in early trade, however most sectors were also lending support, primarily energy, utilities and consumer discretionaries.
Tech stocks were the biggest weight and were trading 2.2 percent lower over the past five sessions.
Materials also dragged, weighed down by losses from iron ore traders, however goldminers were improving suggesting an investor shift back to caution as COVID-19 vaccine optimism faded.
In the financial space, the big banks surged with Commonwealth Bank up 0.88 percent, Westpac Bank up 1.42 percent, ANZ up 1.20 percent and National Australia Bank up 1.10 percent.
Mining stocks were mostly lower with Rio Tinto down 1.01 percent, Fortescue Metals down 0.71 percent and BHP down 0.84 percent, however goldminer Newcrest was up 0.62 percent.
The country's oil and gas producers lifted with Oil Search up 0.51 percent, Santos up 0.33 percent and Woodside Petroleum up 0.37 percent.
Australia's largest supermarkets varied with Coles up 0.23 percent, and Woolworths down 0.03 percent.
Meanwhile telecommunications giant Telstra was unchanged, the national carrier Qantas fell 0.57 percent and biomedical firm CSL lifted 0.28 percent.
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